Wall Street brokerages predict that Zynga Inc. (NASDAQ:ZNGA) will post $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Zynga’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.02. Zynga posted earnings of ($0.02) per share in the same quarter last year, which would suggest a positive year over year growth rate of 200%. The firm is expected to issue its next earnings results on Thursday, February 8th.

On average, analysts expect that Zynga will report full-year earnings of $0.09 per share for the current year, with EPS estimates ranging from $0.08 to $0.11. For the next fiscal year, analysts anticipate that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.11 to $0.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Zynga.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The business had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $211.98 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a research note on Saturday, November 11th. Wedbush set a $5.00 price target on Zynga and gave the stock a “buy” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and issued a $4.00 price target on shares of Zynga in a research note on Friday, September 15th. Finally, Benchmark reiterated a “buy” rating and issued a $4.35 price target (up previously from $3.65) on shares of Zynga in a research note on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $4.11.

Zynga (ZNGA) traded down $0.03 during trading hours on Tuesday, hitting $3.77. The company had a trading volume of 7,303,337 shares, compared to its average volume of 10,620,401. Zynga has a fifty-two week low of $2.40 and a fifty-two week high of $4.34.

In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $3.86, for a total transaction of $46,320.00. Following the sale, the director now owns 139,900 shares in the company, valued at $540,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AXA raised its stake in Zynga by 20.7% during the third quarter. AXA now owns 2,122,900 shares of the company’s stock valued at $8,025,000 after buying an additional 364,300 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Zynga by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,932,268 shares of the company’s stock worth $7,304,000 after purchasing an additional 37,768 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Zynga by 40.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 287,243 shares of the company’s stock worth $1,086,000 after purchasing an additional 82,031 shares during the period. Point72 Asset Management L.P. raised its position in shares of Zynga by 83.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,881,437 shares of the company’s stock worth $10,892,000 after purchasing an additional 1,314,237 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Zynga during the 3rd quarter worth approximately $5,461,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.

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Zynga Company Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

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